AUSTRALIAN WEEKLY MARKET REPORT

Comment

Most market reports will alert to continued volatility this week but we are of the opinion that the better prepared clips, particularly those with NM or CM status, remain much more stable. We found only a small movement in our Authentico index’s this week, all moving between 0.3 and 1% up or down. There was a larger superfine selection this week and they were the wools that performed the best. The 15.0 to 17.5 micron range was well supported. The AWEX EMI didn’t fare as well, minus 1.7% for the week, but this would have been influenced by a poor performance in the crossbred sector which eased as the sale progressed.

AWEX Eastern Indicator compared with 11/10/2019

Eastern Indicator

Close: 1517

Change in % -1.69

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 2406

Change in %: -0.91

16 Micron

Close: 2210

Change in %: -1.03

17 Micron

Close: 2060

Change in %: +0.34

18 Micron

Close: 1998

Change in %: +0.30

19 Micron

Close: 1903

Change in %: -0.31

Authentico Indicator

Close: 2090

Change in %: -0.19

Forecast

A smaller sale next week with 33,000 bales rostered for sale including a one-day sale (Wednesday) in Sydney. This is unusual for this time of the season and an indication of the general supply trend.

Auction offering – current week

Selling Centres for week 16

Market          Sale          Offered             Sold       Passed In

North                    S 16                      10143                         9060                 10.7%

South                   M 16                      17625                        15036                 14.7%

West                     F 16                        7588                          6093                 19.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 17                         W                              5425

South                      M 17                      W-T                          19371

West                        F 17                       W-T                           8174

 

If you want to see the complete Wool Sales Roster click here.

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